Euro Trades Subdued

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The euro currency is trading subdued following the volatile price action on Monday which closed almost flat.

Price continues to remain bullish but a breakout off the current levels is needed.

Price action is likely to close with an inside bar on Tuesday. This could mean that a breakout from this range could set the short term momentum in the markets.

The bias remains mixed, albeit to the upside. The common currency will need to post higher highs to confirm the continuation of the uptrend.

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